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Listed by Anthony Walker • Buckingham Investments, Inc
$ 995,000
Est. payment /mo
Active
252 W 11th San Pedro, CA 90731
6,757 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25232251
Year Built 1914
Lot Size 6,757 Sqft
Source California Regional MLS
Property Description
Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large (3) bed, (2) bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Cooling None
Laundry None
Exterior
Parking Features Other
Garage Spaces 5.0
Pool 31, None
View None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 7456003012
Special Listing Condition Not Applicable
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